Oireachtas Joint and Select Committees
Tuesday, 28 November 2023
Select Committee on Education and Skills
Vote 45 - Further and Higher Education, Research, Innovation and Science (Supplementary)
Niall Collins (Limerick County, Fianna Fail)
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On the Acting Chair's point about the attendance of Minister, Deputy Harris, there is a Cabinet meeting today. The Cabinet meets most Tuesdays, as she is probably aware. I just wanted to flag that with her.
She mentioned the figure of €61 million and €56 million of that funding is to address the university pension shortfall. The forecast is that that shortfall will be cleared by the end of December 2024. The remaining balance of €5.3 million is for institute of technology pensions due, pension payments and lump sum costs being above forecast because of changing demographics and an increase in retiree numbers. What we can do is-----